...
However, he's exaggerating the magnitude of this, because the crypto market is several times smaller than the Internet market was at its peak in the bubble, and similarly to the dotcom bubble, there still are a fair number of reasonable companies.
His price of $100 also seems to be arbitrary.
Maybe because the cryptocurrency market is still in its infancy? The current bull market can easily extend for 1-2 years with tons
of new altcoins, ICOs, ICO scams and so on. This could still get bigger than the Dotcom Bubble.
However, I think his price estimation of 100 $ shows a lack of serious understanding of Bitcoin. The illegal economy of Bitcoin
(money laundering, tax evasion, black markets...) alone justifies a market cap that equates to a price of several hundred $. Even if
all legitimate use cases of Bitcoin (e.g. store of value, international payments...) were to disappear tomorrow a much higher BTC price
would be sustained due to the illegitimate use cases I mentioned above.
We will never see 100 $ / BTC prices again.